Based on the fact that Kevin signed a listing agreement with you, our agency connection is established.
Agency by Implied Agreement: What Is It?Implied agency is a type of contract that exists between a client or principle and a listing agent. It is devoid of writing or record. An implicit agency is created in real estate when the principal hires the agent to help him with the transactions and other necessary tasks associated with buying a home.
What is necessary to establish an agency relationship?An agency relationship is created when one person (the principle) authorizes another (the agent), who is still under the P's authority, to act on their behalf. Typically, when agency is discussed, it is in relation to a problem of some sort that is commercial in nature.
Agency must be established through an express or implied agreement. Ownership or money do not create an agency relationship. The agency agreement that you and Kevin both signed establishes the relationship between the two of you as agents.
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The shoe company toms gives a pair of shoes to a needy child for every pair that it sells. this is an example of a company which has integrated into its business model. question 9 options: ethical marketing requirements correction marketing environmental marketing corporate social responsibility
The given situation is an example of a company that has integrated (C) corporate social responsibility into its overall business plan.
What is corporate social responsibility?Corporate social responsibility (CSR) is a type of international private business self-regulation that tries to support charitable, activist, or philanthropic social goals by participating in or encouraging volunteer work or other morally upstanding behaviors.
While it was previously conceivable to categorize CSR as an internal organizational policy or a business ethics plan, that time has now passed as numerous national and international regulations have been created.
It has been advanced beyond individual or even sector-wide initiatives by a number of organizations.
So, in the given situation for every pair of shoes sold, the shoe business TOMS donates a pair to a young person in need.
This is an illustration of a business that has incorporated CSR into its overall strategy.
Therefore, the given situation is an example of a company that has integrated (C) corporate social responsibility into its overall business plan.
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Correct question:
The shoe company TOMS gives a pair of shoes to a needy child for every pair that it sells. This is an example of a company that has integrated ________ into its business model.
A) correction marketing
B) environmental marketing
C) corporate social responsibility
D) ethical marketing requirements
To more quickly respond to customer needs, Urban Insurance Co. is changing its organizational structure to give more authority and responsibility to field managers located across the country. These managers spend time with customers and know what the customers need right away. It appears that the company is moving toward a more __________ structure.
Multiple Choice
a. centralized
b. bureaucratic
c. functional
d. decentralized
Out of the choices provided above, it appears that the company is moving toward a more decentralized structure in the given situation. Therefore, the option D holds true.
Whenever there is decentralization in the structure of an organization, the duties and activities of different types are divided across different groups. This is done to bring a sense of specialization in operation, and bring the center of focus toward one aspect by one manager. This is an effective function of management for both the company, and its regional operations.
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which of the following are common sources of inaccurate information in business communication? (choose every correct answer.) a. misinformationb.miscalculationsc.errors in typing
Errors in typing, miscalculations, misinformation are common sources of inaccurate information in business communication.
What is the significance of accuracy in business communication?
Communication will serve as the foundation for crucial decisions. Due to errors, readers lose faith in the author. Accuracy is ensuring that the data are accurate and free of errors. Information, like hospital medical records, must be accurate because it may save lives. Because of its excessive length, poor organization, lack of clarity, jargon, and imprecise language, the vast majority of readers believe that what they read is generally pointless and unproductive. Rarely are entry-level employees taught how to write in a clear, concise, and incisive manner. Internal communication is opaque.
The hazy requests from management.
The employees are afraid to ask questions.
There are too many complaints from customers.
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identify the term economists use to explain why a limited natural or man-made resource can command a high price.
Scarcity, which deals with how people satisfy their limitless wants and needs with scarce resources, is one of the key concepts in economics. The monetary value that people place on goods and services as well as how governments and private companies decide to distribute resources are all impacted by scarcity.
Who first proposed the idea of finite resources and limitless wants?He underlined the connection between economic aims and limited resources. Complete response: An explanation of aims and scarcity in the economy made famous by economist Lionel Robbins is known as Robbin's definition. He explained that human wants are boundless economic purposes.
In economics, the term "scarcity" describes a situation in which there is a limited supply of a resource and a high demand for that item. Because of the scarcity of resources, consumers must choose how to best deploy those resources to meet as many of their wants and requirements as feasible.
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Famous Franks is an IBC business that sells a variety of gourmet hot dogs in the Crossroads food court at BYU-Idaho. Research and Development on new recipes and most of the food preparation for items sold are done in the kitchen area behind closed doors, away from customers. The graphic below shows how the kitchen is currently organized Kitchen Layout #1). Also shown below is a potential layout (Kitchen Layout #2) that was proposed by a few bright students within this company. Kitchen Layout #1 Walking distance in feet Fridge Sink Counter Stove Storage 4 4 4 4 Kitchen Layout #2 Walking distance in feet Fridge Storage 6 6 7 10 8 7 Sink Counter Stove 4 4 The table below shows how many trips are made each day to and from each work center combination. Trips (Load) Between Work Centers From | To Fridge Sink Counter Stove Storage Fridge 0 20 37 11 15 Sink 18 0 36 11 12 Counter 24 35 0 30 27 Stove 16 4 45 0 14 Storage 11 18 31 28 0 What is the daily load X distance for Kitchen Layout #1? 2468 What is the daily load X distance for Kitchen Layout #2? 2615 If Famous Franks desired to minimize the total amount of daily walking distance in the kitchen, which layout would be better? Kitchen Layout 1 Kitchen Layout 2
A variety of gourmet hot dogs are available from Famous Franks, an IBC company, in the Crossroads dining hall at BYU-Idaho. Most of the food preparation for things sold is done in the kitchen.
Cookbook authors spend a lot of time developing recipes before publishing their cookbooks. It involves starting with simple, uncooked components and building a cuisine around them. It involves choosing to combine particular ingredients with particular herbs or spices and cooking them in a particular way.
Back of the house crew is trained using recipes. Consistency in the preparation of menu items is provided through recipes. Recipes help to control food costs. The front of the house personnel can use recipes as a sales technique and to assist customers with dietary restrictions and food allergies.
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___ is the use of resources by an individual, firm, region, or nation to produce one or a few goods or services rather than the entire range of goods and servicesSpecializationCompetitionBusinessesCorporation
Correct answer will be option D. Specialization is the use of resources by an individual, firm, region, or nation to produce one or a few goods or services rather than the entire range of goods and services.
Specialization is a production method in which an organization focuses on producing a limited range of goods in order to improve productivity. Many nations, for example, specialize in producing goods and services indigenous to their region of the world, which they then trade for other items and services. Because few countries get enough manufacturing capability to be completely self-sufficient, specialization is the foundation of global trade. In business, specialization entails concentrating on one good or service or a limited range of products in order to improve efficiency. Specialization can boost the productivity and provide a firm or economy with a competitive advantage.
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which item on a schedule k-1 (form 1065) would subject the partner to self employment tax? guaranteed payments for services rendered by a partner to a partnership. interest. royalties not derived in the ordinary course of a trade or business. ordinary income, but only if the partner was a limited partner.
Ordinary income would be liable to self employment tax for the partner, but only if the partner was a limited partner item on a schedule k-1 (form 1065).
The Internal Revenue Service (IRS) issues Schedule K-1 tax forms to the partners in business partnerships each year. Each partner's portion of the partnership's profits, losses, credits, and deductions is disclosed on Schedule K-1. It fulfils the same function in terms of tax administration as one of the different Forms 1099, which discloses dividend or investment gains from assets or income from sale of securities. The partnership that sends K-1s to its partners also sends Forms 1065, the partnership tax return, to the IRS. The partner typically does not submit a K-1. They merely prepare their tax return using the data on it.
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use the chart to determine the marginal revenue associated with the sale of the second unit. g
The marginal revenue associated with the sale of the second unit is $8. the marginal revenue associated with the sale of the second unit.
what is marginal ?
Marginal refers to the additional benefit or cost of a one-unit change in the production or consumption of a good or service. It is used to measure the impact of a small change in an economic activity, such as the effect of a new employee on the productivity of a business or the impact of a new tax on consumer spending. Marginal analysis is used to identify the most efficient use of resources and to understand the potential gains from making a small change.
Marginal cost and marginal benefit are two important concepts in economics that are used to evaluate the value of a particular decision. Marginal cost is the cost of producing one additional unit of a good or service and marginal benefit is the benefit of consuming one additional unit.
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value-added processing describe the transformation of a commodity to meet the tastes and preferences of consumers. which of the following is involved in transforming a commodity to a value-added product?
Marketing, Processing, Transporting, and Retail are elements involved in transforming a commodity to a value-added product.
Value-added processing can range from simple to complicated. Adding value may be as basic as selecting fruits and vegetables by size and selling them in distinctive packaging as it can be as sophisticated as processing salsa, jams, jellies, chutney, and meat animals. Value-added processing is a method of using food that is not used for fresh market sales and product surplus throughout the growing season. There are normally processing requirements that must be followed depending on the raw components and the final result. The value-added process identifies which actions and procedures contribute value to a company's products, services, or entire business. Value considers what a consumer will pay for a product or service, which means that the customer is ultimately responsible for determining if an action adds value to the product or service.
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The aspect of setting organizational goals that demonstrates the belief that the business is run by employees and managers is called?
Peter Drucker introduced management by objectives in his 1954 book The Practice of Management.
The process of setting precise organizational goals that management can communicate to team members, then selecting how to accomplish each goal one at a time, is known as management by objectives.
To maintain a calm yet productive work environment, managers might use this technique to tackle tasks one at a time. Individual goals and organizational goals are aligned in this management system.
Employees are more likely to carry out their obligations when they are actively involved in formulating goals and selecting the course of action to be taken.
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true/falsee. contrast efficiency and effectiveness. give an example of a time when an organization was effective but not efficient, efficient but not effective, both efficient and effective, and neither efficient nor effective.
While something is efficient if it operates with the least amount of resources used, something is effective if it achieves the desired goal.
What do you mean by operates?
to operate a machine, tool, or similar device. acting successfully, having an impact, or using force or influence (often with on or upon): Their messaging is starting to influence people's thoughts. to carry out some kind of procedure or treatment. Everything that occurs within a firm to keep it operating and making money is referred to as business operations. Business plans frequently include a section on operations to help firm founders understand the systems, tools, personnel, and procedures required to run the business.
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harry tells you that he prefers pepsi to coke, coke to 7 up, 7 up to pepsi. this violates the assumption made when analyzing consumer preferences
Harry's statement violates the assumption of transitivity in consumer preferences. Transitivity states that if a consumer prefers A to B, and B to C, then they must also prefer A to C.
Transitivity is a basic assumption used in many economic models and decision-making frameworks to analyze consumer preferences. It states that if a consumer prefers one option (A) to another option (B), and also prefers option B to option C, then they must also prefer option A to option C. In other words, it assumes that consumers have a consistent and rational preference ordering, and that they will always choose the option they prefer the most. However, in reality, consumers may have inconsistent or irrational preferences that violate the assumption of transitivity. For example, a consumer may prefer Pepsi to Coke, but then Coke to 7 Up, but then 7 Up to Pepsi, which creates a logical contradiction and violates the assumption of transitivity. In this case, it would be difficult to analyze or predict the consumer's preferences based on this assumption.
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Hugh cleans the area around the office printer so that he does not have to hear his supervisor complain about how messy all of his employees are.Which of the Reinforcement Theory components below does this scenario describe?
Hugh organizes the workspace surrounding the workplace printer so he won't have to listen to his boss whine about how disorganized all of his staff are. In this situation, the Reinforcement Theory's negative reinforcement is described.
Describe the hypothesis of negative reinforcement?Negative reinforcement is the process of taking away something unpleasant or challenging in order to increase the likelihood that the desired action will occur. Children finish the tasks that are required to avoid getting nagged. Thus, the desired habit is created by getting rid of something disagreeable, in this case, nagging.
To help teach certain actions, the negative reinforcement method might be used. Negative reinforcement is the process through which something unpleasant or unpleasant is stripped away as response to a stimuli. The objective behavior should steadily improve over time, presuming that the unpleasant event will be removed.
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true/false. by identifying and eliminating the causes of uncertainty and risk in the supply chain, the supply manager may be able to reduce the needed inventories and therefore buy a lower quantity.
By identifying and eliminating the causes of uncertainty and risk in the supply chain, the supply manager may be able to reduce the needed inventories and therefore buy a lower quantity. This statement is true.
What are a risk management plan's primary goals, and why is it crucial to implement one?The goal of risk management is to recognise possible issues before they arise or, in the case of opportunities, to attempt to take advantage of them in order to make them happen. Risk-handling procedures may be used at any time over the course of the project.
Information hiding is not a risk management technique because it is based on the idea that the design decisions in a computer programmer that are most likely to change should be separated from the other parts, protecting them from significant modification in the event that the design decision is altered.
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A retail chain is increasing its advertising and offering discounts to increase sales among its current customers. This represents a _ strategy.
Increased advertising and promotions are being used by a retail chain to boost sales among its present customers. This represents a market penetration strategy.
Market penetration: What is it?Market penetration is the proportion of the anticipated total market for a product or service that is being used by target customers. The percentage of prospective customers who have chosen to buy a certain company's product over one from a rival is known as market penetration. When a product or service is successfully sold in a particular market, this is referred to as market penetration. The sales volume of an existing good or service in relation to the overall target market for that good or service is used to measure it.
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to determine an appropriate congestion tax, an economist has to assume that people respond to incentives.
a. true
b. false
It is true that to determine appropriate congestion tax, an economist has to assume that the people respond to incentives.
What is congestion tax?Congestion tax is levied on private automobiles passing through specific areas, usually within a city, during periods of heavy traffic. It is a strategy used to relieve traffic congestion in a specific area. By limiting the use of private vehicles on congested streets and increasing public transit use, which eases traffic congestion, speeds up travel times, and saves time, health is improved. This is because less pollution is produced and more work is done. It will provide the much-needed financial boost for public transportation projects. There are four primary types of systems in existence, including cordon-line crossing tolls, congestion pricing for the entire region, and area-specific admission fees.
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which of the following behaviors likely would be involved in adaptive task performance? multiple select question. handling emergencies or crisis situations analyzing options for dealing with uncertain situations developing ideas or outcomes that are familiar dealing with unpredictable situations
Handling emergencies or crisis situations and Dealing with unpredictable situations, these behaviors are likely to be involved in adaptive task performance. Thus options A and D are the correct answers.
Handling emergencies or crisis situations: This behavior likely would be involved in adaptive task performance because it requires the ability to quickly and effectively respond to unexpected and potentially high-stress situations. This requires the ability to think on one's feet and make decisions quickly, as well as the ability to adapt to new and unexpected information. Dealing with unpredictable situations: This behavior likely would be involved in adaptive task performance because it requires the ability to respond to unexpected and unpredictable events. This requires the ability to think flexibly, be open to new ideas, and be able to improvise in the face of uncertainty. Adaptive task performance requires the ability to adjust one's behavior or approach to new or changing situations and not just rely on familiar or routine solutions.To learn more about adaptive task performance:
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Understanding consumers in marketing is considered so important that a whole area ofmarketing called _____________________ emerged.A. customer programmingB. consumer behaviorC. individual benchmarkingD. customers competencyAnswer
Understanding consumers in marketing is considered so important that a whole area of marketing called Consumer Behavior Analysis.
Consumer behaviour analysis: What is it?Analyzing consumer demographics, preferences, motivations, attitudes, and behaviours might help us understand how they behave and make decisions. By comprehending customer behaviour, marketers can create marketing plans that are more likely to be effective for their target market. This entails learning what kinds of goods and services consumers are interested in, what price ranges are the most alluring, how to interact with them most effectively, and how to produce a satisfying customer experience.
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which of the following is not a reason for silicon valley's dominance in the startup industry, according to guy kawasaki?
Guy Kawasaki contends that Silicon Valley's dominance in the startup sector is NOT due to the lack of finance corporations that can afford to hire workers at high salaries.
Why does Silicon Valley attract businesses?It is straightforward to build the infrastructure needed for similar businesses. A standalone tourist destination is Silicon Valley. Starting a tech business in an area with a developed business infrastructure, a talented resource pool, and a flourishing market gives you a distinct advantage over other locations.
What primary factor has elevated Silicon Valley to the status of a prominent economic hub?The release of software Silicon Valley has recently gained notoriety for its breakthroughs in software and Internet services, even though semiconductors continue to play a key role in the region's economy. Silicon Valley has had a significant impact on operating systems, software, and user interfaces for computers.
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rosenthal hospital, a nongovernmental, not-for-profit hospital affiliated with a private university, reported the following information for the year ended december 31, year 5: cash donations received for capital additions to be acquired in year 6$150,000 proceeds from sales at hospital gift shop and snack bar75,000 dividend revenue not restricted by donors or by law25,000 what amount should be reported as other revenue and gains on the hospital's statement of operations for the year ended december 31, year 5?
Other revenues and income mean those income other than income × from day to day operation activities. Proceeds from sales at hospital gift shop and snack bar are 75,000 + 25,000 {dividend} = $ 1,00,000.
The entire amount of income earned by the sale of products and services connected to the principal activities of the firm is referred to as revenue in accounting. Commercial income is often known as sales or turnover. Some businesses make money by charging interest, royalties, or other fees.
In accounting, revenue is a component of the Equity section in the balance statement, and revenue raises equity; it is sometimes referred to as the "top line" owing to its location at the very top of the income statement.
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which of the following would not count as part of us gdp in 2021? group of answer choices william purchases 100 shares of amazon stock. boeing (a company based in chicago) sells 10 airplanes to norway paul paid rent of $12,000 for his apartment in maryland, in 2021 luigi, a foreign investor in new york, produces furniture worth $ 200,000 in g
A situation wherein William purchases 100 shares of Amazon stock is the one that would not count as a part of the United States' GDP in 2021. Therefore, the option A holds true.
The GDP of every nation can be typically used to determine the value of the finished goods and/or services that have been produced in a country during a given particular time, usually a year. Purchasing securities of Amazon stock does not lead to an increase in the GDP of the United States, because, the shares can be openly traded on the market and are not produced freshly.
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Of the following problems, which was the biggest one that farmers faced in the late 1800s?
Choose matching definition
1. tenant farming
2. federal reserve act
3. improving farm conditions
4. crop lien system
Crop lien system was the biggest one that farmers faced in the late 1800s. So option 4 is the correct option.
What issue confronted farmers in the 1800s?In the final part of the nineteenth century, numerous American farmers encountered major difficulties. They had to cope with financial difficulties brought on by sharply falling farm prices, unreasonably high import taxes, and overseas competition.
What effects did sharecropping and the crop-lien system have on Southern agriculture?Sharecroppers and tenant farmers were forced to raise cash crops like cotton and tobacco due to the burden of the crop-lien system. Other crops simply didn't produce enough to even come close to paying off their loan. But because so few cash crops are grown, the market becomes oversaturated.
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The company's shipments of newly-produced branded and private-label footwear from its production facilities to its regional distribution centers are subject to import tariffs of $8 per pair and shipping fees of $1 per pair.
per pair shipping/freight charges, plus any applicable import tariffs and exchange rate adjustments on cross-region shipments.
3-million pair import quotas on shipments from foreign facilities to Latin America, Europe-Africa, and Asia-Pacific and exchange rate shifts of as high as 20%.
shipping charges of $2 per pair on all pairs shipped regardless of destination and exchange rate shifts of as high as 15%.
shipping charges of $2 per pair on all pairs shipped to distribution centers in the same region as the production facility and $4 on all pairs shipped from one region to another.
Any applicable import tariffs and exchange rate adjustments apply to the company's shipments of newly produced branded and private-label footwear from its plants to its regional distribution centres.
What is Tariffs?Tariffs are a type of tax levied by a company on any imported goods crossing a government-controlled border.
Import tariffs:
These are taxes levied by customs authorities on goods imported into a country. Import duty is also known as custom duty or import tax.
Exchange rate:
The value of a country's currency is represented by an exchange rate. It is the value of one currency when converting to another.
As a result, the shipment of newly produced footwear from the company's production facilities to regional distributors is subject to import tariffs and rate adjustments.
As a result, import duties and rate changes may apply to the company's distribution of newly manufactured footwear from its manufacturing facilities to regional distributors.
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when a price, wage, or interest rate is adjusted automatically with inflation, it is said to be nominally adjusted.
Economists use the term indexed when a price, wage, or interest rate is automatically adjusted for inflation.
An indexed payment rises in line with the inflation index. Indexing accommodations vary widely in capital investment and federal programs.
How and why that tends to happen because once inflation rises?
For a specified inflation rate, nominal interest must rise if real interest falls. If expected inflation rises, the cost of borrowing for a provided real interest rate must rise as well.
What Is the Definition of Inflation Indexing?
Inflation indexing is a term that applies to fully automated cost-of-living modifications constructed into tax legislation in a bid to keep up with inflation.
Real value equals nominal value multiplied by inflation. The real value is obtained by subtracting the result of price changes from the nominal value of dataset data in order to obtain a more accurate estimation of economic trends.
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Decisions driven by our emotional responses to a product are called ______. A. affective. B. habitual. C. cognitive. D. compensatory.
Decisions driven by our emotional responses to a product are called affective. So option A is correct.
How do you define a product?The object being sold is referred to as a product. A service or an object both qualify as products. It could take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that can be charged. Consumer goods, industrial goods, and services are the main types. There are many helpful categories that may be used to group products.
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A region along a major shipping route is likely to have trade make up a large part of its economy. This is an example of what geographical market factor?
A region along a major shipping route is likely to have trade make up a large part of its economy. This is an example of location geographical market factor.
What does a geographical marketing component entail?
Market positioning and product sales are significantly influenced by geography. Regardless of a company's market share or product success rate, market research is crucial before releasing new products/services or better or more advanced features.
How can you locate the regional market?
Regions, countries, and population density are three geographical units that separate regional marketplaces; each of these units can be further subdivided. Different methods can be used to segment a local geographic market. Cities, counties, and nations all serve as representative geographic units.
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if market price is g, the firm's total revenue from the sale of its most profitable level of output is
If market price is g, the firm's total revenue from the sale of its most profitable level of output is OGLD.
What happens if total revenue exceeds total cost?The company makes an economic profit when total sales surpasses cost. When the difference between total revenue and total cost is the highest, at 10 cans each day, profit is maximized.
Profit depends on the equation profit = Total revenue - Total cost. As a result, a company optimizes profit when the first order, MR = MC, and the second order depend on the first order. Regarding the time frame for making a profit and the objectives of the company, this idea contrasts from wealth maximization.
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Each of the follow scenarios depicts a situation that will result in some sort of demand shock. After reading each scenario, please determine whether the associated demand shock will be positive or negative.
The United States government chooses to raise the federal tax rate for all incomes by 4%, causing aggregate demand to fall.
The latest Index for Consumer Confidence indicates a long - term improvement in consumer confidence in the economy: aggregate demand risesA manufacturing boom in the late 1990s resulted in an excess of tractors, an important tool in agricultural output: total demand fallsThe Federal Reserve, the organization in charge of controlling banking and monetary and fiscal policy in the United States, chooses to raise the quantity of money accessible in the financial system: aggregate demand rises.To know more about federal tax:
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exercise 14-7 balance sheet identification and preparation lo c4 current assets for two different companies at fiscal year-end are listed here. one is a manufacturer, rayzer skis mfg., and the other, sunrise foods, is a grocery distribution company.
The Current Assets account, a line item on the balance sheet under the Assets heading, is where the corporation records any assets that can be converted into cash within a year.
Cash, cash equivalents, receivables, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets are examples of current assets. Current assets can be anything from barrels of crude oil, manufactured items, inventory for works-in-progress, raw materials, or foreign cash, depending on the nature of the firm and the products it markets.
The Current Assets account is important because it demonstrates a company's capacity to meet its short-term liabilities and short-term liquidity.
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which of the following is a type of equipment that requires lockout and/or tagout before maintenance or service?
The Lockout/ Tagout( LO/ TO) standard establishes minimal performance conditions for the control of dangerous energy sources similar to electrical, mechanical, hydraulic, curvaceous, chemical, and thermal.
Signs, markers, padlocks, and seals must have means by which they can be readily secured to the controls. Tagout/Lockout device attachment shall be anon-reusable type, attachable by hand, tone-locking, and non-releasable with a minimum unleashing the strength of no less than 50 pounds.
Walkout Tagout protects against unintentional exposure to dangerous energy from outfits and ministries. A walkout device, similar to a padlock, secures the energy-segregating device, while a tagout device( i.e., a label) warns workers not to use the outfit.
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